RFQs Versus Click-to-Trade Streams
Swap traders have embraced electronification. One recent innovation is click-to-trade streaming, which allows clients to look at trade pricing from multiple banks. However, the request for quote, or RFQ, protocol still accounts for 90% of dealer-to-customer trades in all major Swaps markets, including the U.S. Why do many people still prefer RFQs? Watch Hyejin Kim explain how better execution and flexibility may play a part.